11 Best Income Stocks to Buy According to Hedge Funds

7. Enbridge Inc. (NYSE:ENB)

Number of Hedge Fund Holders: 34

Enbridge Inc. (NYSE:ENB) is a strong pick for dividend investors, thanks to its attractive 6% yield, which is well above the market average. In addition, the company has a consistent history of dividend growth. It has raised its dividends for 30 consecutive years, demonstrating reliability and commitment to shareholder returns. With a low payout ratio and a solid investment-grade credit rating, Enbridge maintains the financial strength needed to support ongoing dividend payments and future increases.

Enbridge Inc. (NYSE:ENB)’s fee-based business model, built around critical energy infrastructure such as pipelines, provides stable and predictable cash flow. As one of the largest players in the North American midstream sector, Enbridge has the scale to grow through acquisitions and capital investments. It is also shifting toward more regulated natural gas utilities and clean energy projects, including offshore wind farms. These moves not only diversify its portfolio but also support long-term growth, strengthening the case for continued dividend increases.

Enbridge Inc. (NYSE:ENB) currently pays a quarterly dividend of C$0.9425 per share and has a dividend yield of 6.04%, as of July 31.